Deal Announcements

Avid Radiopharm Acquired By Eli Lilly

Tuesday, November 09, 2010 5:32:00 AM PDT | VentureDeal Staff

Philadelphia, Pennsylvania  --  Pharmaceutical technology company Avid Radiopharmaceuticals has entered into a definitive agreement to be acquired by the Eli Lilly & Company.

Avid has created what it calls proprietary radiopharmaceuticals to image amyloid plaques.

Avid was backed by a large syndicate of venture capital firms and strategic investors.

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